One reason that Bay Area cities resort to approving large amounts of [tech] office space is in part because single-family homeowners do not pay property tax levels that keep pace with the cost of providing services. So local govts have to look toward alternate strategies.https://twitter.com/marymcnamara/status/1081107306736013313 …
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I am not really sure how to fix this. That said, the plan that Tim is criticizing also expands emergency rent caps, emergency rental assistance, just cause for eviction across the Bay Area, promotes $1.5B in new taxes to fund affordable housing, so


.https://www.mercurynews.com/2018/12/12/employer-taxes-rent-caps-and-more-in-big-bold-bay-area-housing-plan/ …Show this thread -
More on Google's massive expansion plans in San Jose, which will add 50% more workers downtown to the current 43K jobs located around there. https://www.sfchronicle.com/business/article/Google-transformed-Mountain-View-is-San-Jose-13515691.php?utm_source=email …pic.twitter.com/GDD22rrfXA
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I'm always amazed at the inheritable capped property tax rates.
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Prop 13 is why we invented parcel taxes....but they're the ultimate in regressive taxation....
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Familiar political ratchet problem. People will protect what they have more fiercely than others claiming it’s unfair, inefficient, etc. Politically possible to expand benefits; politically impossible to reduce benefits. Repeat for 40 years.
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Come on - they just want sensible, SMART Growth! How can you be against SMART?https://twitter.com/nextdoorsv/status/1051909386896060416 …
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Prop 13 has a long shadow.
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